Word: haresco
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...devices with Syneron Medical Ltd., a $150 million medical-device maker in Yokneam, Israel, known for its patented "elos" technology, which combines bipolar radio frequency and light sources to combat the signs of aging. "P&G clearly views the consumer segment of aesthetics as a big market," says Jose Haresco, a senior analyst for Merriman Curhan Ford & Co. in San Francisco. "It's not taking a small bet here." Expect to be able to buy some of these gizmos by the end of next year at the earliest, at prices ranging from...
Along with the big consumer-products companies, dozens of private investors are also jockeying for a piece of the action. "There's definitely a feeding frenzy going on," says Haresco. "Venture capitalists are tripping over themselves looking for consumer products in this area." Last month, for example, Therative, the San Francisco-based maker of ThermaClear, a battery-powered, handheld antiacne device ($150, with a $20 replaceable tip), announced it had secured $14 million in venture-capital funding. "It's amazing what people are willing to spend to do the whole vanity thing," says Mark Foley, managing director of RWI Ventures...